Avista Corporation operates as an electric and natural gas utility company.
Established dividend payer with proven track record.
Share Price & News
How has Avista's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AV6's share price has been volatile over the past 3 months.
7 Day Return
DE Integrated Utilities
1 Year Return
DE Integrated Utilities
Return vs Industry: Insufficient data to determine how AV6 performed against the German Integrated Utilities industry.
Return vs Market: Insufficient data to determine how AV6 performed against the German Market.
Price Volatility Vs. Market
How volatile is Avista's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Avista undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: AV6 (€36) is trading above our estimate of fair value (€35.72)
Significantly Below Fair Value: AV6 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: AV6 is good value based on its PE Ratio (13.3x) compared to the Integrated Utilities industry average (17.2x).
PE vs Market: AV6 is good value based on its PE Ratio (13.3x) compared to the German market (16.2x).
Price to Earnings Growth Ratio
PEG Ratio: AV6's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: AV6 is good value based on its PB Ratio (1.4x) compared to the DE Integrated Utilities industry average (2.3x).
How is Avista forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AV6's earnings are forecast to decline over the next 3 years (-1.9% per year).
Earnings vs Market: AV6's earnings are forecast to decline over the next 3 years (-1.9% per year).
High Growth Earnings: AV6's earnings are forecast to decline over the next 3 years.
Revenue vs Market: AV6's revenue (2.2% per year) is forecast to grow slower than the German market (4% per year).
High Growth Revenue: AV6's revenue (2.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AV6's Return on Equity is forecast to be low in 3 years time (8.6%).
How has Avista performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AV6 has a large one-off gain of $105.1M impacting its December 31 2019 financial results.
Growing Profit Margin: AV6's current net profit margins (14.6%) are higher than last year (9.8%).
Past Earnings Growth Analysis
Earnings Trend: AV6's earnings have grown by 9.6% per year over the past 5 years.
Accelerating Growth: AV6's earnings growth over the past year (44.4%) exceeds its 5-year average (9.6% per year).
Earnings vs Industry: AV6 earnings growth over the past year (44.4%) exceeded the Integrated Utilities industry 9.4%.
Return on Equity
High ROE: AV6's Return on Equity (10.1%) is considered low.
How is Avista's financial position?
Financial Position Analysis
Short Term Liabilities: AV6's short term assets ($305.1M) do not cover its short term liabilities ($530.7M).
Long Term Liabilities: AV6's short term assets ($305.1M) do not cover its long term liabilities ($3.6B).
Debt to Equity History and Analysis
Debt Level: AV6's debt to equity ratio (112.2%) is considered high.
Reducing Debt: AV6's debt to equity ratio has reduced from 114.1% to 112.2% over the past 5 years.
Debt Coverage: AV6's debt is not well covered by operating cash flow (18.3%).
Interest Coverage: AV6's interest payments on its debt are not well covered by EBIT (2.3x coverage).
Inventory Level: AV6 has a high level of physical assets or inventory.
Debt Coverage by Assets: AV6's debt is not covered by short term assets (assets are 0.1x debt).
What is Avista's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: AV6's dividend (4.1%) is higher than the bottom 25% of dividend payers in the German market (1.65%).
High Dividend: AV6's dividend (4.1%) is low compared to the top 25% of dividend payers in the German market (4.86%).
Stability and Growth of Payments
Stable Dividend: AV6's dividends per share have been stable in the past 10 years.
Growing Dividend: AV6's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (52.1%), AV6's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: AV6's dividends in 3 years are forecast to be covered by earnings (74.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Dennis Vermillion (57yo)
Mr. Dennis P. Vermillion has been the President and Director of Avista Corporation since January 1, 2018 and as its Chief Executive Officer since October 1, 2019. Mr. Vermillion is Director of Alaska Elect ...
CEO Compensation Analysis
Compensation vs Market: Dennis's total compensation ($USD1.47M) is below average for companies of similar size in the German market ($USD3.59M).
Compensation vs Earnings: Dennis's compensation has been consistent with company performance over the past year.
|CEO, President & Director||0.50yr||US$1.47m||0.089% $2.3m|
|Executive VP||11.58yrs||US$1.44m||0.17% $4.4m|
|Senior VP||14.67yrs||US$1.21m||0.10% $2.6m|
|VP, Controller & Principal Accounting Officer||4.5yrs||no data||0.021% $534.1k|
|VP, Chief Information Officer & Chief Security Officer||19.17yrs||no data||0.015% $391.2k|
|Investor Relations Manager||no data||no data||no data|
|VP, General Counsel & Chief Compliance Officer||0.25yr||no data||0.0026% $66.3k|
|Vice President of Safety & Human Resources||no data||no data||0.012% $293.0k|
|VP and Chief Counsel for Regulatory & Government Affairs||21.58yrs||US$519.93k||0.010% $256.0k|
|Senior Vice President of Energy Resources & Environmental Compliance Officer||7.33yrs||no data||0.034% $865.3k|
Experienced Management: AV6's management team is seasoned and experienced (9.5 years average tenure).
|CEO, President & Director||0.50yr||US$1.47m||0.089% $2.3m|
|Independent Director||13.92yrs||US$180.00k||0.031% $788.1k|
|Non Executive Chairman||12.25yrs||US$3.82m||0.24% $6.1m|
|Independent Director||34.92yrs||US$194.69k||0.0086% $218.3k|
|Lead Director||2.92yrs||US$213.75k||0.022% $557.9k|
|Independent Director||10.67yrs||US$172.50k||0.030% $752.9k|
|Independent Director||8.67yrs||US$195.00k||0.027% $671.6k|
|Independent Director||9.92yrs||US$185.50k||0.014% $351.0k|
|Independent Director||5.67yrs||US$171.00k||0.014% $360.6k|
|Independent Director||3.67yrs||US$175.50k||0.016% $398.1k|
Experienced Board: AV6's board of directors are considered experienced (9.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: AV6 insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Avista Corporation's company bio, employee growth, exchange listings and data sources
- Name: Avista Corporation
- Ticker: AV6
- Exchange: BST
- Founded: 1889
- Industry: Multi-Utilities
- Sector: Utilities
- Market Cap: US$2.732b
- Listing Market Cap: US$2.532b
- Shares outstanding: 67.29m
- Website: https://www.avistacorp.com
Number of Employees
- Avista Corporation
- 1411 East Mission Avenue
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|AVA||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Jan 1968|
|AV6||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jan 1968|
|AV6||BST (Boerse-Stuttgart)||Yes||Common Stock||DE||EUR||Jan 1968|
|AV6||BRSE (Berne Stock Exchange)||Yes||Common Stock||CH||CHF||Jan 1968|
Avista Corporation operates as an electric and natural gas utility company. It operates through two segments, Avista Utilities and AEL&P. The Avista Utilities segment provides electric distribution and transmission, and natural gas distribution services in parts of eastern Washington and northern Idaho; and natural gas distribution services in parts of northeastern and southwestern Oregon, as well as generates electricity in Washington, Idaho, Oregon, and Montana. This segment also engages in the wholesale purchase and sale of electricity and natural gas. The AEL&P segment offers electric services to approximately 17,000 customers in the city and borough of Juneau, Alaska. The company generates electricity through hydro, thermal, and wind facilities. As of February 8, 2019, it provided electric service to approximately 393,000 customers and natural gas to approximately 361,000 customers. In addition, the company engages in venture fund investments, real estate investments, and other investments. Avista Corporation was founded in 1889 and is headquartered in Spokane, Washington.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/04 04:10|
|End of Day Share Price||2020/04/03 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.